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I know that building – it's a co-op requiring 35% down w/ no rentals/pets/etc … no wonder.

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Realtors enlisted in crime fight
http://vancouver.24hrs.ca/News/2008/06/23/5957866…

kinda like getting the fox to guard the chickens

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Keep dreaming. There's cut lumber stacked to the sky already in US lumberyards, as Canadian companies cut & exported like crazy the last couple of years to avoid (a)changes to softwood tariffs and (b)encroaching pine beetles.

Forestry workers are already applying for $11/hr jobs at Home Hardware and Rona, and they'll be lucky to get them or to keep them when the recession/housing crash hits BC next year.

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I think he could have done a better explanation of why people (speculators/bulls/and bears) are against the tax – more than enough discussion was done here.

Maybe he wasn't referencing this website.

That 18000 empty condo number is still floating around – did bc hydro ever return with a real answer on that? The reporters are the one's who should really be chasing and referencing such info.

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Reputation for what exactly? Having the most overpriced real estate? I could do without that.

Frankly IMHO the only positive aspects of Vancouver compared with other Canadian cities are the things neither government nor business have anything to do with – the mountains, sea, and mild weather. What other pluses are there exactly?

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http://www.canada.com/theprovince/news/editorial/…

Excerpt:

"On some real-estate blogs and Internet forums, his plan has been panned by investors as everything from a 'desperate populist campaign promise' to 'one of the dumbest ideas ever.'

While their tone might be unfairly harsh, they are right about one thing: This penalty against speculators represents another blatant tax grab — one that could sully the city's reputation."

Congratulations to all who voiced their opinion on this subject!

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This is vancouvercondo.info-Vancouver,B.C. definitley wrong forum to post,please go and find california wildfireblogs.net or sandiegodestroyedhomes.help

Thanking you in advance

NETCOPS

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There are far more vacant houses in San Diego than were destroyed in the fires. And I don't expect any imminent construction boom in Des Moines, etc, either – there is a lot of excess inventory even in the midwest. Even if every house in those areas was rebuilt, it would still only be a blip.

The US housing market is not going to turn around for 20 years. There are a lot of boomers sitting in big houses that are going to have to be sold over that time, and there is not going to be anyone around able to pay big money for them.

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